MELAKA, June 17 -- A former local authority finance director in Melaka has been remanded for seven days over alleged abuse of power involving RM50 million in public funds for share investments.

The remand order against the 57-year-old man was issued by Magistrate N. Sivashangari and is effective from today until June 23.

Earlier, the suspect, dressed in an orange lock-up uniform, arrived at the Ayer Keroh Court Complex at around 9 am, escorted by several Malaysian Anti-Corruption Commission (MACC) officers.

Yesterday, media reports stated that the suspect was arrested at around 1 pm while giving his statement at the MACC office in Melaka.

According to sources, the suspect allegedly committed the offence between 2020 and 2023 by appoin...